Tenaris SA
MIL:TEN

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Tenaris SA Logo
Tenaris SA
MIL:TEN
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Price: 17.67 EUR -0.25% Market Closed
Market Cap: 18.9B EUR

Tenaris SA
Investor Relations

In the sprawling global theater of energy, Tenaris SA emerges as a titan that seamlessly marries industrial prowess with technological finesse. Born in the heart of the steel industry, the company has positioned itself as a crucial player in the production and supply of seamless steel pipes—critical components in the oil and gas sector. Through a strategic web of manufacturing facilities and service centers spread across continents, from the Americas to Europe and Asia, Tenaris orchestrates the delivery of high-quality tubular products that cater to the ever-complex needs of its clients. These clients include oil and gas giants who demand reliability and durability in extreme conditions, both offshore and on land. By leveraging decades of technical expertise, continuous research, and development, Tenaris not only meets but anticipates industry needs, cultivating strong partnerships and a reputation for excellence.

Beyond merely producing tubular goods, Tenaris distinguishes itself through its commitment to providing integrated services that enhance operational efficiencies. Its offerings extend far beyond pipeline manufacture, encompassing sophisticated supply chain solutions that reduce costs and enhance time-to-market for its customers. By integrating digital technologies, the company supports predictive maintenance and real-time data management, augmenting the performance of its products. This comprehensive approach to customer service bolsters long-term relationships and generates steady revenues through not just sales, but lifecycle services that include consulting, logistical support, and on-site assistance. This dual focus on product innovation and service-enhancement ensures that Tenaris remains a pivotal entity in a sector that thrives on precision, endurance, and adaptability.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 30, 2025
AI Summary
Q3 2025

Sales: Q3 sales reached $3 billion, up 2% year-on-year but down 3% sequentially, mainly due to lower North Sea and Middle East project shipments.

EBITDA: EBITDA was $753 million for the quarter (including a $34 million one-off gain), up 3% sequentially, with an EBITDA margin of 25%.

Margins & Outlook: Margins are expected to decline modestly in Q4 due to higher tariffs, with EBITDA anticipated to be down by a single-digit percent versus Q3 (excluding the one-off gain).

Tariffs: Elevated tariffs in the US are pressuring costs, with a $40 million additional tariff impact expected to hit Q4 results.

Dividend & Buyback: Interim dividend raised 7% per share to $0.29, and the company continues executing its buyback program, delivering an 11% shareholder return.

Argentina: Political developments have improved financing conditions, leading to expectations of increased oil and gas investment and activity in 2024 and beyond.

Middle East & Offshore: Stable business expected in the Middle East, with a strong offshore order backlog building into 2026.

Key Financials
Revenue
$3 billion
EBITDA
$753 million
EBITDA Margin
25%
Operating Cash Flow
$318 million
Capital Expenditure
$185 million
Free Cash Flow
$133 million
Net Cash Position
$3.5 billion
Dividend per Share
$0.29
Dividend per ADR
$0.58
Share Buybacks
$351 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Paolo Rocca
Chairman & CEO
No Bio Available
Ms. Alicia Mondolo
Chief Financial Officer
No Bio Available
Mr. Gabriel Podskubka
Chief Operating Officer
No Bio Available
Mr. Marcelo Ramos
Chief Technology Officer
No Bio Available
Mr. Giovanni Sardagna
Investor Relations Director
No Bio Available
Mr. Luis Scartascini
Chief Human Resources Officer
No Bio Available
Mr. Sergio de la Maza
President of Mexico
No Bio Available
Mr. Javier Martinez Alvarez
President of Southern Cone
No Bio Available
Mr. Luca Zanotti
President of United States
No Bio Available
Mr. Gabriel Casanova
Chief Supply Chain Officer
No Bio Available

Contacts

Address
Luxembourg
3rd Floor, 29 Avenue de la Porte-Neuve
Contacts
+35226478978.0
www.tenaris.com